Final answer:
The question is about the role of a transaction broker, who acts as a neutral party to facilitate a real estate transaction without having an agency relationship with the seller or the buyer.
Step-by-step explanation:
The question pertains to the role of a transaction broker in a real estate scenario. A transaction broker, in this case, Alex, neutrally facilitates the transaction without an agency relationship with the buyer or seller. Instead, the broker assists both parties with paperwork and negotiates without representing either party's interests.
This contrasts with a traditional agent who owes a fiduciary duty to their client—either the buyer or the seller. The ethical and legal obligations of a transaction broker include impartiality, confidentiality, and the accurate presentation of all offers. Additionally, the transaction broker must handle funds properly and follow instructions from both parties where permitted.